All told, the S&P 500 rose 184.28 points to 5,844.19. The Dow Jones Industrial Average gained 1,160.72 to 42,410.10, and the Nasdaq composite leaped 779.43 to 18,708.34.

US stocks surged on Monday, delivering one of their strongest single-day performances this year after the United States and China agreed to a temporary reduction in tariffs following high-stakes negotiations in Switzerland over the weekend.

U.S. stocks soared Monday after Washington and Beijing struck a surprise deal to dramatically cut tariffs, marking a rare moment of clarity and good news in an otherwise volatile environment.